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Seattle Bubble Forum Archive • View topic - Audacious Flips and Renovations

Audacious Flips and Renovations

Anything and everything relating to Seattle-area real estate.

Moderators: synthetik, The Tim, Lake Hills Renter

Re: Audacious Flips and Renovations

Postby WestSideBilly » Tue Feb 26, 2008 1:22 pm

This has to be one of the weirder listings I've seen. Not even sure it's audacious.

http://www.redfin.com/stingray/do/print ... id=1498493

Sold 3 times in the last 2 years, each time at a lower price, then listed for significantly above its 2006 sale.
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Re: Audacious Flips and Renovations

Postby redmondjp » Tue Feb 26, 2008 4:06 pm

Fighting off Affluenza on the Eastside since 1995
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Re: Audacious Flips and Renovations

Postby WestSideBilly » Wed Feb 27, 2008 9:20 am

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Re: Audacious Flips and Renovations

Postby geon » Wed Feb 27, 2008 12:21 pm

I was wondering when this one would relist. Audacious price of 1 mil when it was listed last year, now reality hits. Well, at least heading in the right direction to reality. :lol: Not Seattle, Kent.

http://www.redfin.com/stingray/do/print ... id=1512049
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Re: Audacious Flips and Renovations

Postby Alan » Wed Feb 27, 2008 1:43 pm

At least $175k off of $1M is actually a dramatic price reduction.
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Re: Audacious Flips and Renovations

Postby WestSideBilly » Thu Feb 28, 2008 7:48 am

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Re: Audacious Flips and Renovations

Postby pumpkin » Fri Feb 29, 2008 9:33 pm

OK, one more just came on tonight:

http://redfin.com/stingray/do/printable ... id=1521095

10616 8th Ave NW
Seattle, WA 98177

They're asking for $170K profit in 4 months.
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Re: Audacious Flips and Renovations

Postby mike2 » Sat Mar 08, 2008 6:57 am

7009 26th Ave NE
Seattle, WA 98115
Asking Price: $574,950
Last sale: Sep 21, 2006 $453,501

$25,000 Temporary Price Reduction!!!! Sure it is...

Also available for rent on Craigslist for $2100/mo.

http://www.redfin.com/stingray/do/print ... id=1439007
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Re:

Postby ayles » Tue Mar 18, 2008 10:11 am

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Re: Re:

Postby Markor » Tue Mar 18, 2008 11:22 am

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Re: Audacious Flips and Renovations

Postby ayles » Tue Mar 18, 2008 4:06 pm

I am really not sure what the deal is. I have lived near it for over 3 years. The family moved out last summer. Sold, then was quickly remodeled and new for sale sign popped up around August. Redfin says days on market is 189!

Listing Price History
Date Price
Sep 11, 2007 $569,950
Oct 02, 2007 $554,950
Oct 23, 2007 $545,000
Jan 29, 2008 $535,000
Mar 10, 2008 $514,950

Whats even more interesting is the sales history. They took a hit at the peak. Not sure how they managed that one.

Sales History
Date Price Appreciation
May 15, 1986 $73,500 --
Jul 31, 2006 $467,500 9.6%/yr
Jul 03, 2007 $411,000 -13.0%/yr

One issue that comes to mind is that 65th is pretty damn busy. People are consistantly driving at or near freeway speeds. The garage has also been blocked off. Obvious from the outside.

The house is fully staged and was painted in the last week or so. Here is an updated photo.


Speaking of Ballard... I walked from 65th to 70th the other day. Hit each block in between. There are some serious dumps in this neighborhood. Some even look like they could be condemned. I don't get all the hype.
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Re: Audacious Flips and Renovations

Postby pumpkin » Tue Mar 18, 2008 4:50 pm

I saw this house -- 65th is super busy, the yard is miniscule, and it just seemed like a flip to me. I tried to avoid all flips (not interested in their granite -- the flips always made me wonder what they were hiding).
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Re: Audacious Flips and Renovations

Postby WestSideBilly » Wed Mar 19, 2008 7:22 am

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Re: Ha ha ha ha ha

Postby kgcore » Sun Mar 23, 2008 5:56 pm

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Re: Audacious Flips and Renovations

Postby mike2 » Mon Mar 24, 2008 7:06 pm

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